Marinas in the US - Industry Market Research Report
- May 2016
- 32 pages
Smooth sailing: Rising disposable income will lead to gradual industry revenue growth
Marinas in the US
While the waters were a little choppy, the Marinas industry benefited from increased participation and expenditures by consumers in the five years to 2016, boosting industry revenue. Growth in per capita disposable income has allowed consumers to trade up to luxury goods for recreation, such as boats for water sports and fishing, bringing more boat owners back to the water and business for the marinas. Although the Marinas industry has not yet recovered to prerecessionary revenue levels, many optimistic business operators are keeping their eyes on the horizon. Gradual growth is expected over the next five years, with industry revenue projected to rise. In the wake of rising disposable income, many boat owners, particularly families with children, are likely to take advantage of the convenience and benefits of using a marina and its services. The increasing number of boats being built will also secure revenue for the future, as demand for storage services will increase.
Marinas provide docking and storage for pleasure craft owners. Marinas may also sell fuel and marine supplies and provide services such as repairing or renting boats. Many operators in this industry offer sailing instruction in addition to recreational boat rental. Marinas do not handle large passenger ships or cargo from freighters.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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